Chartered Financial Analyst Level 2
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An analyst gathers the following information about three banks:
- Bank 1: Recently restated its financial statements owing to financial reporting internal control failures
- Bank 2: Awards above-average equity-based compensation to its top managers
- Bank 3: Is fast to provide for losses and rarely records large asset write-downs
Which of the above banks is most likely to have a culture that is risk averse and cautious?
An analyst gathers the following information about three banks:
- Bank 1: Recently restated its financial statements owing to financial reporting internal control failures
- Bank 2: Awards above-average equity-based compensation to its top managers
- Bank 3: Is fast to provide for losses and rarely records large asset write-downs
Which of the above banks is most likely to have a culture that is risk averse and cautious?
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